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Brazil retail sales likely grew in Sept for 4th month  SAO PAULO: Retail sales in Brazil likely grew in September for the fourth month in a row as low unemployment and rising wages continued to support supermarket sales, a Reuters poll showed.   However, the increase was probably not enough to offset a drop in industrial output in the same month and support the economy - highlighting the uneven nature of Brazil's recent growth and suggesting that economic activity sputtered as the third quarter ended.   Retail sales likely rose 0.3 percent in September from August on a seasonally adjusted basis, following an increase of 0.2 percent in the previous month, according to the median of 35 forecasts.   When compared with September 2011, sales likely grew by 8.7 percent, slowing from a rise of 10.1 percent in the prior month, the median of 31 forecasts showed.   Most of the increase should be attributed to a rise in supermarket sales, which account for about half of the ...

Mexican army frees 28 apparent kidnap victims MEXICO CITY: Mexican army troops freed 28 people who had apparently been kidnapped, most of them from Central and South America, officials in Tamaulipas state said Sunday.   Such migrants are often preyed on by organized crime gangs and drug traffickers as they try to make their way north to the United States in search of work and a better life.   Troops acted Saturday night in the northeastern state of Tamaulipas after receiving a tip-off that people were ...
Prison gang behind Sao Paulo police murders: experts  SAO PAULO: A prison drug-trafficking gang known as First Command of the Capital or "PCC" is orchestrating a wave of murderous attacks against military police in the Sao Paulo metropolitan area, experts say.   Some 100 officers, including 90 military police, have been killed, mainly in the Sao Paulo area, since the beginning of the year. Forty-one of the officers were executed by gunmen, officials said.   Over the weekend, a 44-year-old female military officer died after being shot ...
Key political risks to watch in Brazil BRASILIA: Brazil will show weak growth this year despite a series of stimulus packages applied by President Dilma Rousseff's government to revive the world's sixth-largest economy.   The slowdown has raised doubts about her government's commitment to the three-pronged strategy that has underscored more than a decade of solid performance: inflation targeting, a floating exchange rate and a healthy fiscal surplus.   Brazil will miss its most closely watched fiscal goal this year: a primary budget surplus target of ...
SAN JUAN: Puerto Ricans, long divided over the US Caribbean territory's political status, head to the polls on Tuesday in a vote that will help determine whether the island seeks to become the 51st US state.   Debate over the island's status has long dominated politics in Puerto Rico, where political parties are formed around the preference for statehood, independence or its current status as a self-governing commonwealth.   Puerto Ricans have voted to remain a US territory in ...
Brazil posts October trade surplus of $1.662bn  BRASILIA: Brazil posted a trade surplus of $1.662 billion in October, the Trade Ministry said on Thursday, shrinking from the same month last year.   The result came below expectations of a $2 billion surplus, according to the median forecast of 17 analysts surveyed by Reuters.   Brazil had a trade surplus of $2.359 billion in October of 2011.   Copyright Reuters, 2012 ...
Argentina lowers voting age to 16  BUENOS AIRES: Argentina late Wednesday approved a law to lower the legal voting age to 16 in a move that could strengthen President Cristina Kirchner's populist bloc ahead of next year's legislative elections.   The Chamber of Deputies approved the bill -- which was sponsored by Kirchner's former chief of staff and had already passed the Senate -- by 131 votes in favor to two against and one abstention.   Voting is compulsory for Argentines aged 18 and older ...


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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 18, 2014
Reserves $13.525 bln